Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.013%

Price spread now: Orderly against Lighter−0.005%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TSLA	376.21	0.0032	pay 0.0004% / 1h	23m 47s	$829K	$3.6M	20x
Short	Orderly PERP_TSLA_USDC	376.19	0.0100	get 0.0100% / 8h	7h 23m	$41K	$20K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee OrderlybpOrdersPrice spread, now −0.005%Rate

Funding earned: $14.28
Price spread: −0.005% → 0.000%: −$0.53
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.75
Costs to cover: 0.060%
Break-even: 3.2 days

Slippage unknown: Lighter: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 4 min ago	0.13 bp	0.2 bp $0	1.6 bp −$16	23.1 bp −$2,314	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TSLA on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TSLAUSDC	−0.0600%	4h	376.43	+0.058%	$398K	$1.0M	10x	as long as short
Aster TSLAUSDT	0.0000%	8h	376.13	−0.020%	$585K	$191K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	376.07	−0.038%	$477K	$11.4M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.15	−0.016%	$47.0M	$109.4M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.13	−0.021%	$10.2M	$15.5M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	376.12	−0.024%	$11.2M	$16.8M	25x	as long as short
Gate TSLA_USDT	0.0000%	8h	376.19	−0.005%	$2.4M	$3.9M	100x	as long as short
Bitget TSLAUSDT	0.0000%	8h	376.05	−0.043%	$16.8M	$22.6M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.41	+0.054%	$1.9M	$1.3M	—	as long as short
StandX TSLA-USD	0.0000%	1h	376.44	+0.061%	$200K	$896K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TSLA_USDC-PERPETUAL	0.0000%	1h	376.11	−0.027%	$20K	$186K	10x	as long as short
Phemex TSLAUSDT	0.0000%	4h	376.24	+0.008%	$1.1M	$13K	10x	as long as short
Aftermath Perps TSLAUSD	+0.0009%	1h	376.23	+0.006%	$38K	$46K	10x	as long as short
BloFin TSLA-USDT	+0.0025%	8h	376.37	+0.043%	$571K	$339K	20x	as long as short
QFEX TSLA-USD	+0.0028%	1h	376.16	−0.013%	$1.2M	$7.1M	10x	as long as short
Lighter TSLAlong	+0.0032%	1h	376.21	long leg	$829K	$3.6M	20x
Lighter RH TSLA	+0.0032%	1h	376.20	−0.003%	$1.2M	$2.6M	20x	as long as short
Arcus TSLA-USD	+0.0040%	1h	376.28	+0.019%	$163K	$93K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	376.26	+0.013%	—	$133K	25x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0048%	1h	375.11	−0.292%	$529K	$307K	10x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.96	−0.066%	$44.3M	$14.1M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	376.08	−0.035%	$298K	$308K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	376.12	−0.024%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	376.02	−0.051%	$1.6M	$1.0M	10x	as long as short
RISEx TSLA/USDC	+0.0079%	1h	376.31	+0.027%	$291K	$598K	20x	as long as short
Pacifica TSLA	+0.0100%	1h	376.15	−0.016%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.96	−0.066%	$1.5M	$106K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.22	+0.003%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDCshort	+0.0100%	8h	376.19	−0.005%	$41K	$20K	20x
Aevo TSLA-PERP	+0.0104%	1h	376.15	−0.015%	$745	—	10x	as long as short
Bullet TSLA-USD	+0.0107%	1h	376.26	+0.013%	$5K	$92K	10x	as long as short
Nado TSLA-PERP	+0.0136%	1h	376.21	+0.001%	$489K	$112K	20x	as long as short
GRVT TSLA_USDT_Perp	+0.0143%	8h	376.49	+0.074%	$846K	$2.7M	10x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.35	+0.303%	$78K	$36K	30x	as long as short
Hotstuff TSLA-PERP	+0.0224%	1h	376.06	−0.040%	$34K	—	20x	as long as short
Phoenix TSLA	+0.0277%	1h	376.64	+0.114%	$1.3M	$547K	20x	as long as short